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- Early May site visit to Big One with processing partner Austral Resources.
- Undertaking joint inspection of historical copper oxide stockpiles near-surface mineralisation for drilling.
- Advancing MoU with Austral to evaluate planning for potential ore delivery and processing of Big One copper oxide.
- Expands footprint at NWQ copper project in the Mt Isa region.
New Frontier Minerals (ASX:NFM) is accelerating its north Queensland copper strategy with a planned assessment of the Big One deposit and the addition of new acreage.
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The company is preparing to undertake a site visit to the Big One deposit with processing partner Austral Resources. At the same time, it has lodged an application for approximately 585 sq. m of new acreage made up of 178 sub-blocks in close proximity to its existing NWQ copper project tenement package.
New Frontier chairman Gerrard Hall said representatives from Austral will join the NFM team to assess historical copper oxide stockpiles and near-surface mineralisation as part of the initial assessment.
“The upcoming site visit to the Big One deposit with Austral Resources marks an important step in advancing our NWQ copper project, providing an opportunity to jointly assess existing stockpiles and near-surface copper mineralisation,” he said.
“This collaboration is expected to further refine our development strategy and supports a clear pathway toward potential copper production through utilisation of existing regional infrastructure under our memorandum of understanding with Austral Resources.
“In parallel, the submission of the tenement application strengthens our position around the NWQ copper project, consolidating our footprint within the highly prospective Mt Isa copper belt and aligning with our strategy to build a meaningful copper presence in one of Australia’s premier base metal regions.”
Mr Hall said Austral’s involvement in the New Frontier site visit reflects the collaborative nature of the processing partnership under a memorandum of understanding for the assessment of copper ore treatment at the Mt Kelly processing facility.
Previous inspection of historical copper oxide stockpiles at Big One included grab sampling from the ex-mine stockpiles, which had previously returned copper grades ranging from 3.9% to 11.85% copper, with sulphuric acid leach test-work delivering indicative copper recoveries of up to 99%, supporting a conventional acid leach processing pathway at the Mt Kelly facility.
The joint inspection will allow both parties to assess the volume and grade of the stockpile material and evaluate planning for potential ore delivery and processing under the existing MoU.
NFM is down -12.5%, to 0.7¢. Mkt cap $13.86M.
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